Arabica Coffee Futures Near 14-Year High – WSJ.com

Agricultural Mar 08, 2011 No Comments

Arabica coffee futures hit a nearly 14-year high, as a pound of unroasted beans fetched nearly as much as a cup of brewed gourmet coffee.

Worries that scarce supplies won’t be able to keep up with increased demand sent arabica for May delivery up 3.1% to settle at $2.8115 a pound on the IntercontinentalExchange, the highest price since 1997.

The front-month contract, for March delivery, ended up 3% at $2.8095 a pound.

Bad weather in Central America and Colombia have kept prices high, with Arabica coffee prices rallying more than 46% over the past six months.

via Arabica Coffee Futures Near 14-Year High – WSJ.com.

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.